American Dollar to Canadian Dollar = 0.798688; American Dollar to Chinese Yuan = 0.154304; American Dollar to Euro = 1.176238; American Dollar to Japanese Yen = 0.009074; American Dollar to Mexican Peso = 0.050306.
https://www.x-rates.com/table/?from=USD&amount=1.00
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Disruptions caused by attacks on cargo ships in the Red Sea have once again created volatility in retail supply chains, leading to delays and increased costs. That's according to the Global Port Tracker report by the National Retail Federation and Hackett Associates. Jonathan Gold, NRF VP for supply chain and customs policy, noted that retailers are working with their carrier partners on mitigation strategies to limit the impact of the disruptions caused by the attacks, "but we are seeing longer transit times and increased costs as a result.” To help retailers navigate supply chain challenges, NRF 2024: Retail’s Big Show will feature a special one-day program — Supply Chain 360 Summit — on Sunday, Jan. 14, 10:00 a.m. - 3:45 p.m. (ET), at the Javits Convention Center, New York City.
Today, the American Trucking Associations released its latest ATA Freight Transportation Forecast: 2020 to 2031, which is conducted annually by IHS Markit, showing that despite contraction in 2020, the long-term trend for both trucking and overall freight shipments is still positive. Among the findings in this year’s Forecast: *Total freight volumes in 2020 are likely to collapse by 10.6% to 14.6 billion tons, although truck freight volumes falls a smaller 8.8%. *Trucking volumes are expected to rebound in 2021, rising 4.9% next year and then growing 3.2% per year on average through 2026. *Overall freight revenues in 2020 will total $879 billion, rising to $1.435 trillion in 2031.
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 4.5% in February after rising 1.8% in January. In February, the index equaled 110 (2015=100) compared with 115.2 in January. “February’s drop was exacerbated, perhaps completely caused, by the severe winter weather that impacted much of the country during the month,” said ATA Chief Economist Bob Costello. “Many other economic indicators were also soft in February due to the bad storms, but I continue to expect a nice climb up for the economy and truck freight as economic stimulus checks are spent and more people are vaccinated.” January’s gain was revised up slightly to 1.8% from our February 23 press release. Compared with February 2020, the SA index fell 5.9%, which was preceded by a 1.6% year-over-year decline in January. In 2020, the index was 4% below the 2019 average.